Sunday, April 2, 2023
HomeBusinessVCats And 9Unicorns Invest In The Switch Fix

VCats And 9Unicorns Invest In The Switch Fix

The round was led by accelerator fund 9Unicorns and Kushal Khandwala, Director of KIFS Group

Venture Catalysts, India’s first and largest integrated incubator, and accelerator have recently made a seed investment of USD 145Kin The Switch Fix, which offers specialized plant-based products that are sustainable. The round was led by accelerator fund 9Unicorns and Kushal Khandwala, Director of KIFS Group.

With its unique ‘wild tamed by science’ approach, The Switch Fix has created plant-based shampoo bars which are sulfate-free, paraben-free, phthalate-free, and free of chemicals derived from petroleum or animals. So far, the brand has introduced 7 shampoo bars that address a wide range of problems such as hair fall caused by pollution, flakiness caused by stress and pollution, and dryness and frizziness caused by soaring heat and humidity. The Switch Fix’s offerings also include conditioners, scalp treatments, hair serums, and essential skincare.

Speaking on the fundraise, Rhea Shukla, Co-founder, and CEO, The Switch Fix, said, “Our journey so far has been made possible due to our customers’ desire to lead a sustainable lifestyle. There’s no doubt that sustainability is the future and we’re glad to be stepping into the future with 9Unicorns and Venture Catalysts. With the funds received, we will further grow our tribe of climate warriors and make specialized and sustainable personal care even more accessible.”

Sharing his insights, Abhishek Kumar, Co-founder and COO, The Switch Fix, added, “Most of the growth registered previously has been on the back of organic WoM from our loyal customers. We’re happy that through the funds acquired in this round, we will be able to add to our range of specialized products, increase awareness around the need to live sustainably, and make the switch even simpler.”

Source: Business World

- Advertisment -

Most Popular

Recent Comments